Talon Metals Corp. (OTCMKTS:TLOFF – Get Free Report) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $5.20 and traded as high as $5.47. Talon Metals shares last traded at $5.3390, with a volume of 74,533 shares traded.
Analyst Upgrades and Downgrades
Several research firms have issued reports on TLOFF. TD Securities restated a “buy” rating on shares of Talon Metals in a research report on Monday, August 17th. National Bank Financial reiterated an “outperform” rating on shares of Talon Metals in a research report on Thursday, September 10th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.
Read Our Latest Report on Talon Metals
Talon Metals Stock Performance
The company has a fifty day simple moving average of $6.05 and a 200-day simple moving average of $5.21.
Institutional Inflows and Outflows
A hedge fund recently raised its position in Talon Metals stock. Harraden Circle Investments LLC increased its position in Talon Metals Corp. (OTCMKTS:TLOFF – Free Report) by 15.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,042,732 shares of the company’s stock after purchasing an additional 142,733 shares during the period. Harraden Circle Investments LLC’s holdings in Talon Metals were worth $10,751,000 at the end of the most recent reporting period.
About Talon Metals
Talon Metals Corp. is a Canadian mineral exploration and development company focused on nickel, copper and cobalt. Its activities center on discovering and advancing mineral deposits that could supply metals used in industries such as battery manufacturing and other forms of electrification. The company’s flagship asset is the Tamarack Nickel-Copper-Cobalt Project in Minnesota. Talon operates the project through a joint venture with Rio Tinto and is working to evaluate and develop its mineral resources.
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